While the devices for media capture have advanced from mechanical to computational since the invention of photography and motion pictures in the 19 century, their underlying user interaction paradigms have remained largely unchanged. Current interaction techniques for media capture do not leverage computation to solve key problems: the skill required to capture high quality media assets; the ef...

A. Proof of Theorem 1 Proof. We solve the model here allowing for heteroskedastic dividends σ2 i . Theorem 1 can then be proved as the special case σ 2 = σ 2 i . We assume that assets are ranked in ascending order of β/σ2. We first posit an equilibrium structure. We then check ex-post that it is indeed an equilibrium and that it is a unique equilibrium. Let ī ∈ [2, N ] and let μi be the share h...

Projects in public-private partnerships, such as the Innovative Medicines Initiative (IMI), produce data services and platforms (digital assets) to help support the use of medical research data and IT tools. Maintaining these assets beyond the funding period of a project can be a challenge. The reason for that is the need to develop a business model that integrates the perspectives of all diffe...

The static trade-off and pecking order capital structure theories are analyzed and applied to nonprofit organizations. In addition, this paper also considers how nonprofits adjust their leverage over time. The analyses consider the unique role of donor-restricted endowments in the decision to borrow, as well as different types of borrowing by nonprofits. The results indicate that nonprofit capi...

the paper studies of the effect the related and unrelated diversification for products and ownership structure on capital structure for a sample of 87 firms out of 19 industry listed on the tehran stock exchange during the period 2004- 2009. for to regress of models to apply of multivariate approach include panel data and cross-sectional regressions. this study adopts panel fixed effects regres...

The impact of financial leverage on firm investment is one of the most important issues in corporate finance. Debt overhang reduces the incentives of shareholder–management coalition in controlling the firm to invest in positive net-present-value investment opportunities. On the other hand, firms without debt in their financial structure face with a new problem known as over-investment. T...

This paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. A panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. Our findings show thatboth principles help to explain the capital structure...